Warren Buffett’s Berkshire Hathaway on Wednesday revealed in a government filing the size of its stake in e-commerce giant Amazon.
Berkshire’s stake in Amazon was 483,300 shares at the end of the quarter ended March 31, according to a filing at the Securities along with also Exchange Commission. The value of which stake was $904 million by the closing bell Wednesday.
Despite the sizable headline figure, the position doesn’t put Berkshire near the top of Amazon’s biggest shareholder list. The stake represents about 0.1% of Amazon’s outstanding equity.
Buffett first disclosed the brand new investment in Amazon to CNBC on May 2, a day before Berkshire’s annual shareholder meeting in Omaha, Nebraska. The size of the position, however, had not previously been reported to the public.
The renowned value investor — though a fan of Amazon along with also its CEO, Jeff Bezos — also told CNBC earlier This kind of month which he isn’t responsible for Berkshire’s investment.
“One of the fellows inside office which manage money … bought some Amazon, so the idea will show up inside 13F,” Buffett said on May 2. Buffett was likely referring to one of his two lieutenants, Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire.
“Yeah, I’ve been a fan, along with also I’ve been an idiot for not buying” Amazon shares, Buffett said at the time. “although I want you to know the idea’s no personality modifications taking place.”
Amazon shares rose 0.1% in after-hours trading following the SEC filing.
Berkshire Hathaway’s report also showed an 18% increase in its J.P. Morgan Chase stake to 59.5 million shares along with also a 22% increase to its Red Hat holdings to 5.1 million shares.
— CNBC’s Becky Quick contributed to This kind of report.